How many dollars in sales would the company need to do in

Assignment Help Basic Statistics
Reference no: EM13630478

The company you work for has been tracking sales histories to forecast this coming years sales. Over the last 9 years, sales have averaged $1,003,339. How many dollars in sales would the company need to do in year 10 to have an average of $1,004,342? I got this one wrong on the test. would someone explain how to do it? The answer is 1,013,374 but I don't know how they got it.

Reference no: EM13630478

Questions Cloud

The following probabilities for grades in management : the following probabilities for grades in management science have been determined based on past
After the exam the professor wishes to determine if there : a professor gives an exam for which there are two versions a and b. each student in the class is given one randomly
Compute the present value of a five-year 6 amp 10 coupon : compute the present value of a five-year 6 amp 10 coupon bond with a face value of 1000. what happens when the interest
A recent study reported that the prevalence of : a recent study reported that the prevalence of hyperlipidemia defined as total cholesterol over 200 is 30 in children
How many dollars in sales would the company need to do in : the company you work for has been tracking sales histories to forecast this coming years sales. over the last 9 years
Assume that the mean hourly cost to operate a commercial : assume that the mean hourly cost to operate a commercial airplane follows the normal distribution with a mean of 2225
A random sample of size n100 is taken from a population : a random sample of size n100 is taken from a population with a mean u 80 and standard deviation 14. calculate the
At a certain university the average attendance at : at a certain university the average attendance at basketball games has been 3100 spectators per game. due to the dismal
At a certain university the average attendance at : at a certain university the average attendance at basketball games has been 3200 spectators per game. the attendance

Reviews

Write a Review

Basic Statistics Questions & Answers

  Statistics-probability assignment

MATH1550H: Assignment:  Question:  A word is selected at random from the following poem of Persian poet and mathematician Omar Khayyam (1048-1131), translated by English poet Edward Fitzgerald (1808-1883). Find the expected value of the length of th..

  What is the least number

MATH1550H: Assignment:  Question:     what is the least number of applicants that should be interviewed so as to have at least 50% chance of finding one such secretary?

  Determine the value of k

MATH1550H: Assignment:  Question:     Experience shows that X, the number of customers entering a post office during any period of time t, is a random variable the probability mass function of which is of the form

  What is the probability

MATH1550H: Assignment:Questions: (Genetics) What is the probability that at most two of the offspring are aa?

  Binomial distributions

MATH1550H: Assignment:  Questions:  Let’s assume the department of Mathematics of Trent University has 11 faculty members. For i = 0; 1; 2; 3; find pi, the probability that i of them were born on Canada Day using the binomial distributions.

  Caselet on mcdonald’s vs. burger king - waiting time

Caselet on McDonald’s vs. Burger King - Waiting time

  Generate descriptive statistics

Generate descriptive statistics. Create a stem-and-leaf plot of the data and box plot of the data.

  Sampling variability and standard error

Problems on Sampling Variability and Standard Error and Confidence Intervals

  Estimate the population mean

Estimate the population mean

  Conduct a marketing experiment

Conduct a marketing experiment in which students are to taste one of two different brands of soft drink

  Find out the probability

Find out the probability

  Linear programming models

LINEAR PROGRAMMING MODELS

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd